What should the stock price be

Assignment Help Basic Computer Science
Reference no: EM131688054

JBK, Inc., normally pays an annual dividend. The last such dividend paid was $2.30, all future dividends are expected to grow at 5 percent, and the firm faces a required rate of return on equity of 11 percent. If the firm just announced that the next dividend will be an extraordinary dividend of $16.80 per share that is not expected to affect any other future dividends, what should the stock price be? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

stock price $______

Reference no: EM131688054

Questions Cloud

Low interest rate environment : We currently have the once-in-a-generation low interest rate environment, and the rates are likely to increase in the next decade.
Discuss disturbing issues about food in america : Studying contemporary diet and nutrition brought up a number of disturbing issues about food in America
Review the multimedia presentation : Were there any agencies or organizations not on the list of options that you think should have been represented?
Discuss a friend rented an apartment and signed a lease : A friend rented an apartment and signed a lease that included a provision that animals were not allowed
What should the stock price be : If the firm just announced that the next dividend will be an extraordinary dividend of $16.80 per share.
Discuss what is stereotype threat : What is stereotype threat? Give an example of a study method that was used to research stereotype threat and what the results were
Write an essay that explain two of the given contradictions : In a 3- to 5-page essay, explain two of these contradictions and how they contributed to the development of America in the 1920s and beyond.
What is the present value of its terminal value : Assume a discount rate of 10%. If the firm has a present value of $8572.50, what is its terminal value? What is the present value of its terminal value?
Identify three uses for a frequency distribution : Briefly identify the differences between a normal, positive and negative skew. How does this skew or distribution curve relate to standard error?

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Determine the critical path for the 3x8 decoder

determine the critical path for the 3x8 decoder of Figure 2.62.

  What would happen to the ad and ia curves

What would happen to the AD and IA curves in the short run? Draw a diagram to help explain your answer. What happens to output and inflation in the short run?

  Is imageholder and picturebox are similar controls

ImageHolder and PictureBox are similar controls. Do you agree? Why or why not?

  Loop through the array to determine

Loop through the array to determine if the first name entered exists in the array. If a match is found, display a message that includes the name and a message indicating that there was a match found. If no match is found, display a message so indi..

  Preventing scope creep in projects

Why do you think project scope management so challenging in IT projects? What suggestions do you have for preventing scope creep in projects?

  Software development life cycle

Literature Review - 3-4 pages Take the paper to next level. Identify about 15 scholarly articles using VIU library resources as related to your topic, extract information as needed and blend the content into your paper with suitable sections

  Calculate yield coefficient specifying units of expression

Laboratory studies have shown that microorganisms produce 10 mg/L of biomass in reducing the concentration of a pollutant by 50 mg/L. Calculate the yield coefficient, specifying the units of expression.

  Find the description of system.console.writeline() method

Compile and execute the sample program from this chapter using the command prompt (the console) and Visual Studio.

  Which is the best policy

What kind of agent design is necessary to carry out the policy (reflex, model-based, goal-based, or

  Troubleshooting tables

Question 1 "Troubleshooting Tables" Please respond to the following: Imagine that an associate of yours just designed a table with captions outside the table's borders. The font on the Website is black, and the text inside the table is red. He is fru..

  What number of hash functions minimizes false positive rate

As a function of n, the number of bits and m the number of members in the set S, what number of hash functions minimizes the false positive rate?

  Difference between winlogon and netlogon

In windows, following is a kind of defense needed for the attacks caused primarily by the usage of particular programming languages, Difference between WinLogon and NetLogon

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd